While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
ALAN GREENSPANThe tub helps me relax, and it’s a great place to read.
More Alan Greenspan Quotes
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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If you think you understand what I am saying you do not understand what I am saying.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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The need for values is inbred. Their content is not.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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Market financed withdrawals of home equity in recent years.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
ALAN GREENSPAN